Soybean Meal

Brazilian Soybean Meal Export

Soybean Meal. Only behind Argentina, Brazil is the second largest producer of soybean meal in the world, and its main buyer is China. With a population of 1.4 billion, China has become an avid global buyer of soybean meal to support mainly animals. About 72.6% of Brazilian soybean meal production was sold to the Chinese, due to a high international interest in soy. Brazilian soy production reached a surprising record, having collected 120.1 million tons.

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Information About the Brazilian Soybean Meal

Among Brazil's competitors, Brazilian soy is the most advantageous for China, as it contains 2% to 7% more protein.

Soybean

Grain soybean exports from Brazil earned the country US $ 33.2 billion in 2018, 29.2% more than the US $ 25.7 billion of the previous year. The total quantity exported by the country in the period reached 83.3 million tons of Soybean Meal in grain, 23.1% more than the 68.1 million tons of 2017.

In terms of soybean meal, the volume exported in 2018 totaled 16.8 million tons, an increase of 19.2% compared to the 14.1 million tons of the previous year. In terms of revenue, Brazil exported US $ 6.7 billion last year, an increase of 34.9% compared to the US $ 4.9 billion the previous year.

Soybean Oil

Separating only soybean oil, Brazil exported 1.3 million tons in 2018, an increase of 9.7% compared to the 1.2 million tons of the previous year. In sales, it was US $ 956.6 million, 4.8% above the US $ 912.9 million of the previous year.